Texas Energy Industry Update

Oil prices have fallen as far as $40 a barrel, and those low prices are expected to be with us for some time. Robert Gilmer, Director of the Institute for Regional Forecasting at University of Houston's C. T. Bauer College of Business, joins Randy Petersen, Energy Group Executive at Cadence Bank to discuss the economic impact resulting from this volatility and the unprecedented construction boom happening on Houston's east side in the petrochemical industry.

Economic Update is an eight-part video series co-produced by Cadence Bank, C. T. Bauer College of Business at the University of Houston, and KTRK-TV.